Intro A stock just paid an annual dividend of $6.4. The dividend is expected to grow by 4% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 11 and the payout ratio to be 60%. The required rate of retum is 8%. Part 1 Attempt 3/3 for 7 pts. What is the intrinsic value of the stock